PRESS DIGEST-Indonesian newspapers - Aug 1
Following are some leading stories in the main Indonesian newspapers on Aug 1.
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KOMPAS
- ENVIRONMENT MINISTRY TO SUE 13 FIRMS FOR POLLUTION
Indonesia's environment ministry plans to sue 13 firms which have appeared twice a list of high polluters, Environment Minister Rachmat Witoelar said.
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JAKARTA POST
- BUMI WRAPS UP OFFER FOR HERALD RESOURCES TAKEOVER
Indonesia's largest coal miner, PT Bumi Resources Tbk (BUMI.JK), closed its offer on Wednesday for the takeover of Australian miner Herald Resources (HER.AX) at $2.85 a share, Bumi said in a statement.
- EXCISE TAX HIKE WILL NOT KILL OFF INDUSTRY
Research by the University of Indonesia showed that raising tobacco excise will not cause a decline in sales and tax revenue.
- LAPINDO PRAISED DESPITE MUDFLOW
Indonesian government has hailed gas exploration firm PT Lapindo Brantas, despite its drilling activities in 2006 that some allege caused a mud volcano in the East Java town of Sidoarjo, and several other mining giants for complying with environmental standard set by the government.
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